In Vitro Fertilization Banking Services Market Trends

Growth Drivers

• Rising Cases of Breast Cancer Worldwide- Cancer treatments can have a major impact on the process of conceiving and make it more difficult. A woman's eggs can be affected by most chemotherapy drugs. Women have chosen egg banking as a means of preserving their fertility. This factor is expected to drive global in vitro fertilization banking services market growth during the forecast period. As per the data from the American Cancer Society, in the United States, breast cancer is the most common type of cancer among women besides skin cancers. Each year, about 30% of new female cancers are caused by this disease.

• Growing Prevalence of Lifestyle Disorders - In a study, it was found that the prevalence of overall lifestyle diseases was 53%. There were 24% cases of gastrointestinal complications, followed by 23%, hypertension 19%, and diabetes at 18%.

• Improving Success Rate of IVF- For instance, the success rate of IVF has improved significantly over the last decade. The live birth rate per IVF cycle initiated with a woman's own eggs has increased by 17%.

• Increase in Personal Disposable Income- A Bureau of Economic Analysis report indicates that personal income increased by USD 47.0 billion (0.2%), while disposable personal income rose by USD 37.6 billion (0.2%).

• Rising Awareness Programs and Campaigns- To help raise awareness about empowerment and changing the conversation around infertility, RESOLVE: The National Infertility Association launched the #WearOrange Campaign. 

 Challenges

• High Price Associated with IVF Procedure – IVF in the U.S. generally demands USD 10,000 for each session. Such a high cost makes In-Vitro Fertilization Banking Services less accessible for people with middle income.

• Complication Concern After Treatment

• Time Consuming Process